Is BinaDroid a Scam?

BinaDroid promises very high and quick returns to traders. But does this Binary Robot work or is BinaDroid a Scam?

Since we haven’t gathered enough information yet, we cannot confirm that BinaDroid is safe. You can Proceed to Safety OR Choose one of the Is-Scam approved and safe trading applications:

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BinaDroid Software Review

The BinaDroid software which is allegedly created by Troy Everett, who is impersonated in the promotional video by a paid actor, is a dubious binary options system that has disappointed many traders. That is why one can find an abundance of negative reviews on the web. This review will study all of the main features provided by the BinaDroid in order to explain in detail why it is regarded as a scam.

BinaDroid – Binary Options Scam or Legit System?

The BinaDroid’s provided trading results are way below the criteria established for a legit system Our team can not recommend this binary options robot because of all the existing negative feedback provided by online users. First of all, the official website of the auto pilot software was not developed with traders’ needs in mind.

This means that the website was not developed by professionals who have a practical understanding of these needs from practice. Bina Droid System’s interface is very simple and not user-friendly. Information is not presented in a reasonable and understandable way. There are many teasing or upselling ads and close to no things which are necessary for a trader to be successful.

The brokers which are in the list of recommended ones are not licensed and regulated platforms. The support service is available via phone, chat or mail but is often unreachable. User concerns are not immediately taken into consideration due to the fact that the customer support does not include any professionals or trading experts.

All this hard evidence points out that the binary automated system is a likely scam. It is best for users to avoid it and get started with a truly reliable software.

What is the Price for Using BinaDroid System?

Bina Droid Software can be accessed for free. Sadly, all the binary options brokers it operates with are unreliable and not officially authorized. One has to make a minimum deposit of $250 which may not be used for trading purposes and there are existing troubles with profits withdrawal. There have been many user complaints about this.

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How Does BinaDroid Operate?

The BinaDroid robot generates inaccurate trading signals because it is based on dated market information. There are two options for using the signals as the software has two modes of operation. With the manual one, users receive alerts and make decisions based on their own knowledge and experience.

Auto-pilot mode does all the work instead of the trader. One gets to choose the set up depending on the type of trading he wishes to carry out – high, low or medium risk. After applying the settings, one has to wait for the BinaDroid to find investment opportunities and to place trades which will most likely result in losses.

The Bina Droid does everything for the user – finding opportunities, calculating risk, placing trades. User reports, however, suggest that none of them are particularly profitable.

Getting Started with BinaDroid Software

Even though we generally advise against it because our findings suggest that the automated trading robot is a scam, we are going to explain how to get started with Bina Droid System for the sake of freedom of information:

  • Sign Up: Once one opens an account with one of the unregulated binary options brokers from the list he will have to make an initial deposit. The sum may differ from one platform to the other but the sum revolves around $250.
  • Start Trading: The BinaDroid robot account will be linked to the account opened at the broker and the user will begin to receive signals.
  • Withdrawal: One will be required to fill out a withdrawal request form. Have in mind, that transactions are rarely approved.

BinaDroid – Does it Have Any Unique Features?

We checked if the Bina Droid has any different features from the other robots available on the market. We can conclude that the binary options software can not deliver what the creator has promised and this is because Troy Everett’s financial team does not exist.

 

BinaDroid is a binary trading system that has a bad performance. It does not allow the investor to customize the settings and this leads to incredible perils which result in financial losses. This auto-pilot software takes no advantage of the dynamic market.

Our Verdict

BinaDroid System has been proven to be one of the most fraudulent trading robots in the binary options industry. Not only because it has connections to unregulated and devious brokers. It offers close to no returns. Pay no attention to the fact that it is offered for free, the software does not provide a satisfactory user experience.

The BinaDroid robot claims to offer users the opportunity to trade in a very simple and user-friendly environment. It has been tested and its results have been far from being prosperous. For the reasons described in the review above, we conclude that the Bina Droid trading software is not safe for use and we highly recommend that one continues to search for a reliable and easy-to-use system.

In our expert opinion, BinaDroid is one of the worst available trading software alternatives on the online market.

Final Conclusion

After detailed investigation our team concluded that this Binary Robot may not be safe.

The lack of enough real and unbiased reviews on the Internet only increases our uncertainty. This auto-trading system has not been able to achieve the profits advertised on their sales page. Unfortunately we cannot confirm that this robot is decent until traders provide positive feedback.

We recommend You to Proceed To Safety and Avoid Scams by Choosing a High Rated and Trusted Robot on Is-Scam.com.

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